Switzerland Amends Banking Law To Expose Illicit Accounts

The Switzerland Ambassador to Nigeria, Hans-Rudolf Hodel on Tuesday, Dec 11th, 2012 said his country has amended its bank secrecy laws making it more legally responsible to disclose
suspicious funds lodged in the country’s financial institutions according to CHANNEL NEWS.

Rudolf Elmer was quote with "he wrote in the New York Times, “It is a global problem…Offshore tax evasion is the biggest theft among societies and neighbour states in this world.”"